2016-04-25-深交所-沙隆达Ｂ_2016年第一季度报告全文（英文版）_38页_216kb

Hubei Sanonda Co., Ltd. - First Quarter 2016 Report Summary

Core Content Overview

This report outlines the financial performance, shareholder structure, and significant events of Hubei Sanonda Co., Ltd. for the first quarter of 2016. It includes statements from the board of directors and senior management confirming the accuracy of the information and the financial statements. The report also discusses commitments, financial changes, and significant events impacting the company.

I. Financial Results and Changes

1. Financial Performance

• Operating Revenues: RMB 478,019,086.56 (Q1 2016) vs. RMB 554,976,943.28 (Q1 2015), a decrease of -13.87%.
• Net Profit Attributable to Shareholders: RMB 8,016,805.81 (Q1 2016) vs. RMB 77,028,787.65 (Q1 2015), a decrease of -89.59%.
• Net Profit After Exceptional Profit and Loss: RMB -1,097,269.16 (Q1 2016) vs. RMB 76,147,879.11 (Q1 2015), a decrease of -101.44%.
• Net Operating Cash Flow: RMB -14,737,785.00 (Q1 2016) vs. RMB -23,477,753.42 (Q1 2015), an increase of 37.23%.
• Basic Earnings per Share: 0.0135 RMB/share (Q1 2016) vs. 0.1297 RMB/share (Q1 2015), a decrease of -89.59%.
• Weighted Average Return on Equity: 0.38% (Q1 2016) vs. 3.76% (Q1 2015), a decrease of -3.38%.

2. Exceptional Profit and Loss

• Gains/Losses on Disposal of Non-current Assets: RMB 10,198,549.74
• Government Grants (Non-operating): RMB 1,105,800.22
• Other Non-operating Income and Expenses: RMB 847,750.00
• Income Tax Effects: RMB -3,038,024.99
• Total Exceptional Profit and Loss: RMB 9,114,074.97

II. Shareholder Structure

1. Shareholders

• Total Common Shareholders: 63,184
• Preference Shareholders with Resumed Voting Rights: 0

2. Top Ten Shareholders

3. Related Parties

• Sanonda Group Corporation and Celsius Property B.V. are related parties under the same control of China National Chemical Agrochemical Corporation.
• The status of other shareholders as related parties is unknown.

III. Significant Events

1. Changes in Accounting Items

2. Significant Events Progress

• The company was planning a significant assets reorganization project.
• The progress of the reorganization is detailed in the "Progress Announcement of Significant Asset Restructuring."

3. Commitments

• Commitments on Horizontal Competition, Related Transactions, and Capital Occupation:

  • ADAMA Celsius B.V. and ADAMA Agricultural Solutions Ltd.: Committed to avoid and eliminate horizontal competition and maintain operation independence.
  • China National Chemical Corporation: Committed to avoid and eliminate horizontal competition among its subsidiaries and maintain independence.
  • These commitments were being carried out, and the commitment makers abided by them.

• Commitments to Increase Shareholding:

  • Jiang Chenggang: Planned to purchase over 5,000 shares through the secondary market using self-raised funds.
  • Li Zhongxi: Planned to purchase over 5,000 shares through the secondary market using self-raised funds.
  • Jiang Chenggang completed the commitment, while Li Zhongxi could not due to the suspension of the company's shares.

IV. Financial Statements

1. Consolidated Balance Sheet (as of 31 March 2016)

Current Assets:

• Monetary Funds: RMB 432,266,661.23
• Notes Receivable: RMB 41,636,187.93
• Accounts Receivable: RMB 305,772,768.14
• Accounts Paid in Advance: RMB 27,736,530.05
• Other Accounts Receivable: RMB 13,212,854.69
• Inventories: RMB 241,972,577.69
• Other Current Assets: RMB 13,569,615.59
• Total Current Assets: RMB 1,076,167,195.32

Non-current Assets:

• Available-for-sale Financial Assets: RMB 9,153,782.63
• Investment Property: RMB 4,958,190.60
• Fixed Assets: RMB 1,628,215,205.60
• Construction in Progress: RMB 156,798,918.42
• Intangible Assets: RMB 161,659,658.59
• Deferred Income Tax Assets: RMB 11,733,038.10
• Other Non-current Assets: RMB 5,000,000.00
• Total Non-current Assets: RMB 1,977,518,793.94

Total Assets: RMB 3,053,685,989.26

Current Liabilities:

• Notes Payable: RMB 10,000,000.00
• Accounts Payable: RMB 161,841,002.63
• Accounts Received in Advance: RMB 13,005,672.98
• Payroll Payable: RMB 13,360,572.64
• Taxes and Fares Payable: RMB 21,881,158.28
• Interest Payable: RMB 374,976.67
• Dividends Payable: RMB 250,000.00
• Other Accounts Payable: RMB 26,292,050.60
• Total Current Liabilities: Not fully listed in the table.

Non-current Liabilities Due Within One Year: RMB 244,000,000.00

V. Other Information

• No securities investments or derivative financial instruments were conducted during the reporting period.
• No illegal provision of guarantees or occupation of company funds by controlling shareholders or related parties were reported.
• No visits for research, communication, or interviews were conducted in the reporting period.